Common use of Benefit Eligibility Factor as of July Clause in Contracts

Benefit Eligibility Factor as of July. 1 after first full Fiscal Year. The benefit eligibility factor for less than full-time employees is recalculated at the beginning of each fiscal year after a full fiscal year has been worked. This is determined by dividing the total number of hours actually worked during the previous fiscal year and dividing the total by 2080 (the total number of hours a full-time employee works).

Benefit Eligibility Factor as of July. 1 after first full Fiscal Year. : The benefit eligibility factor for less than full-time employees is recalculated at the beginning of each fiscal year after a full fiscal year has been worked. This is determined by dividing the total number of hours actually worked during the previous fiscal year and dividing the total by 2080 (the total number of hours a full-time employee works).